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Horizon Kinetics Portfolio holdings
AUM
$3.06B
1-Year Est. Return
5.37%
This Fund
S&P 500
This Quarter
Est. Return
+5.97%
1 Year Est. Return
+5.37%
3 Year Est. Return
+65.64%
5 Year Est. Return
+75.06%
10 Year Est. Return
–
AUM
$3.1B
AUM Growth
-$477M
(-13%)
Cap. Flow
-$634M
Cap. Flow
% of AUM
-20.47%
Top 10 Holdings %
Top 10 Hldgs %
54.11%
Holding
530
New
22
Increased
101
Reduced
304
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LGF.B
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
|
+$69.3M |
| 2 |
AC
Associated Capital Group
AC
|
+$31.3M |
| 3 |
AMC Global Media
AMCX
|
+$11.1M |
| 4 |
Texas Pacific Land
TPL
|
+$7.4M |
| 5 |
LEXEA
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
|
+$4.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STRZA
Starz - Series A
STRZA
|
+$145M |
| 2 |
Howard Hughes
HHH
|
+$53.6M |
| 3 |
Wendy's
WEN
|
+$34.5M |
| 4 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$30.3M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$25.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 23.74% |
| 2 | Communication Services | 16.45% |
| 3 | Real Estate | 11.8% |
| 4 | Consumer Discretionary | 11.19% |
| 5 | Financials | 10.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SAND
101
DELISTED
Sandstorm Gold
SAND
| $2.6M | 0.08% |
667,147
-16,513
| -2% | -$69.2K |
|
102
GE Aerospace
GE
$364B
| $2.58M | 0.08% |
17,011
-782
| -4% | -$114K |
|
|
TLI
103
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
| $2.51M | 0.08% |
223,091
-83,723
| -27% | -$905K |
|
104
Dorman Products
DORM
$4.22B
| $2.4M | 0.08% |
32,789
| – | – |
|
|
PCM
105
PCM Fund
PCM
$68.7M
| $2.35M | 0.08% |
235,435
-36,546
| -13% | -$359K |
|
106
Altria Group
MO
$125B
| $2.26M | 0.07% |
33,392
-38
| -0.1% | -$2.45K |
|
107
Pfizer
PFE
$143B
| $2.25M | 0.07% |
73,148
+3,708
| +5% | +$113K |
|
108
WisdomTree
WT
$2.79B
| $2.21M | 0.07% |
198,850
-30,341
| -13% | -$316K |
|
109
Suncor Energy
SU
$77.7B
| $2.18M | 0.07% |
66,736
-782
| -1% | -$24K |
|
110
BGC Group
BGC
$5.64B
| $2.13M | 0.07% |
324,399
-9,220
| -3% | -$55.9K |
|
111
AbbVie
ABBV
$465B
| $2.12M | 0.07% |
33,854
-1,202
| -3% | -$73.4K |
|
112
eBay
EBAY
$51.2B
| $2.05M | 0.07% |
69,080
+1,367
| +2% | +$40.4K |
|
|
EVV
113
Eaton Vance Limited Duration Income Fund
EVV
$1.05B
| $2.05M | 0.07% |
149,433
-128,575
| -46% | -$1.72M |
|
114
Copart
CPRT
$28.5B
| $2M | 0.06% |
288,000
| – | – |
|
115
Eli Lilly
LLY
$1.08T
| $1.96M | 0.06% |
26,616
-2,000
| -7% | -$149K |
|
116
PepsiCo
PEP
$196B
| $1.94M | 0.06% |
18,523
| – | – |
|
117
Nuveen Quality Municipal Income Fund
NAD
$2.73B
| $1.94M | 0.06% |
138,621
-124
| -0.1% | -$1.73K |
|
118
Green Brick Partners
GRBK
$3.09B
| $1.92M | 0.06% |
191,362
-7,700
| -4% | -$68.3K |
|
119
Carnival Corporation Ltd
CCL
$38.1B
| $1.92M | 0.06% |
36,893
-2,175
| -6% | -$109K |
|
120
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $1.9M | 0.06% |
23,969
-525
| -2% | -$41.9K |
|
|
WIW
121
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$506M
| $1.9M | 0.06% |
170,544
-542
| -0.3% | -$5.99K |
|
122
M&T Bank
MTB
$36.3B
| $1.9M | 0.06% |
12,135
-189
| -2% | -$25.6K |
|
123
Biogen
BIIB
$30.9B
| $1.89M | 0.06% |
6,655
-1,050
| -14% | -$311K |
|
124
SandRidge Energy
SD
$503M
| $1.88M | 0.06% |
+79,977
| New | +$1.88M |
|
|
EMG
125
DELISTED
Emergent Capital, Inc.
EMG
| $1.88M | 0.06% |
1,551,806
-139,572
| -8% | -$285K |
|
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SA
AC
MFG
OA
PWM
APFBOT
RCM
CFIC
Horizon Kinetics's Q4 2016 Portfolio in Review
As of Q4 2016, Horizon Kinetics held 530 positions worth $3.1B, down 13% from $3.57B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Horizon Kinetics withdrew a net $634M in Q4 2016, closing 23 positions and reducing 304 holdings. Its most notable exit was Starz - Series A, an estimated $145M position sold in full.
By sector, the portfolio is most concentrated in Energy at 24% of assets, up from 17% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Horizon Kinetics opened a new position in Lions Gate Entertainment Corp. Class B Non-Voting Shares worth $66.6M.
- Horizon Kinetics's largest Q4 2016 buy was Lions Gate Entertainment Corp. Class B Non-Voting Shares: 2,714,405 shares worth $66.6M.
- Horizon Kinetics added most to Associated Capital Group in Q4 2016, an estimated $31.3M increase.
- Horizon Kinetics's biggest Q4 2016 reduction was Howard Hughes, cutting an estimated $53.6M.
- Horizon Kinetics fully exited Starz - Series A in Q4 2016, selling an estimated $145M.
- Horizon Kinetics's ten largest holdings make up 54% of its $3.1B portfolio in Q4 2016.
- Horizon Kinetics opened 22 new positions and closed 23 in Q4 2016.
- Horizon Kinetics's portfolio value fell 13% quarter-over-quarter to $3.1B.
Based on Horizon Kinetics's 13F filing for Q4 2016, filed 14 Feb 2017.